 I need to know how I can make my money grow quickly!!!!!? |
| I'm trying to complete ten credits for my university during the summer. A good deal has arisen where I can get that amount of credits for considerably less than one would normally pay. It also ... |
|
 How does a FAFSA work? |
| I have completed my FAFSA and it has been accepted. I am eligable for money, but how does it work? Does the money go to the school, if so how is it disbursed? Can that money be used for books, or ... |
|
 What are some great money saving tips? |
What are some great money saving tips for a couple suddenly trying to live on one income instead of two??
Additional Details
Thanks...please keep the ideas coming...have had some real ... |
|
 Has anyone ever heard of this company? |
| My brother came over my house today and I overheard him tell my mother that this company is going to loan him some money..( That sounds nice), BUT the catch is he had to send the company $800 to ... |
|
 How do i save my money? |
| i just can't seem to save any money. i just spend on stupid stuff. it's like i have no control and i don't know what to do.... |
|
 Ex Girlfriend used my debit card before i cancelled it, what can i do? |
| My girlfriend and I broke up, although i forgot to cancel my card, and she charged about $450.00 without my permission. Where can i go to get more information about getting my money back from her, if ... |
|
 What are some good ways to make some extra money? |
I lost most of my money to buying a phone. And now what im saving up for is a electric guitar.
I don't get an allowance, and I never will, the only time I get money is from birthdays, ... |
|
 How I protect my idea? |
| If I had an multi Billion project idea to recommend to the Govt, how do I protect and guaranteed that I am rewarded, if accepted and implemented? What sort of reward, I should be asking for?... |
|
 I need to take out a loan for $1000, I want to pay it off quickly - is that bad for my credit? |
| I need another $1000 for tuition this semester, and I wont have enough on my paycheck to do it, so I was wondering if I took out a loan for $1000, and payed it off in 2-3 months instead of a year or ... |
|
 Im 15, how can i get cash fast without having a job or gambling? |
| IM ONLY 15 YRS OLD BUT I NEED SOME MONEY TO BUY A TICKET THATS ABOUT $400.. I JUST NEED TIPS N SUGESSTIONS ON WHAT I CAN DO BESIDES BABYSIT N GET A JOB (I ALREADY BABYSIT) OH ALSO I NEED THE MONEY IN ... |
|
 Do you think this will work to hurt big oil profits? |
| Lately we've been hearing about having a no gas Tuesday in order to send a message to Big Oil that we are tired of the high prices and record profits, but this simply will not work. Even if you ... |
|
|  |
MellyG | What is a credit union? |
What is it and what are the risks, benefits, and how do you become a member of? Do you get better interest rates if you are in one?? |
 |
 
DJE
|
A credit union is a not for profit financial institution which is owned by its members - each member owns a share. Thus, the credit union's interest is serving the benefit of its members. Banks are owned by stock holders, and it has customers, not members. A bank acts in the best interest of the stock holders - that is increasing profits even if not in the best interest of the customer. There are different types of credit unions. Some are designated specifically to help lower income communities. Others are sponsored by certain large employers/companies. Many people don't know what a credit union is or that they can join one. Definitely see if there is one near you and walk in.
There are no risks - deposits are insured the same as a bank. Credit unions frequently have better rates since they are not taxed on income like banks are. Each Credit Union has a defined field of membership - but many are community based and usually you can join based on where you live. |
|
mang_kiko
|
No risk in a credit union. You money is insured at least $100,000 by the National Credit Union Administration, which is a US government agency. Some of the benefits is the ability to cast a vote of who you want to be a Board of Director of your credit union or serve as a Board of Director yourself.
You can be a member through common bond. It is different for each credit union. It could be based on employer, trade industry, where you live/work, where you go to church, your last name, your ethnicity, etc. You can also be a member if a family member of yours is already a member.
Credit unions work within almost the same environment as banks do dealing with expenses and interest rate margins. So they may not always give you better interest rates. But a credit union with good capitalization has nothing to lose by having a zero net income by the end of year (where the net income is disbursed back to the membership in the form of bonus dividends, increased dividend rates, or loan interest refunds). Banks have stockholders to answer to if they don't make a good bottomline. |
|
petey00petey
 |
it is ,essentially, a private bank owned by its members..it has all the features of a commercial bank but almost always better rates and easier qualifications for loans and such...the accounts are insured and there is virtually no risk in using one...i belong to one and i do all my banking with them. |
|
Headley-Le-Mar
|
A Credit Union is an organisation that provides banking and finance solutions for it's members usually with little or no profits & most of the profits being passed back to the members in the form of higher interest returns on savings, lower interest on loans etc. Of course, they have to take out running costs & staff wages etc. but generally they are a better proposition than banks because they are not trying to make profits for shareholders, just members. They are very safe, just like a bank & offer most if not more services to members than banks offer there customers. |
|
donfletcheryh
 |
Credit union or caise-populaire is a cooperative that may or may not be competetive with banks in the private sector.
If you were to put money into shares in a credit union or shares in a Bank, you would likely benefit more in the bank. If you borrow from one or the other, you likely benefit more from borrowing from a CU, unless you are a very large borrower.
Credit unions make lending decisions via a credit comittee of members. These may be a lot of fellow borrowers, sympathetic to the needs of borrowers but even when they are sympathetic to borrowers, they still have to look after the interests of thier shareholders and depositors just to keep the money there to borrow from.
My observation is that our local CUs have slightly higher costs for services than do the banks. I trust their advice at least better than banks, but I invest only a small fraction of my assets with them, because of their higher costs. I expect that by losing larger volume investors they contribute to their own higher costs. |
|
Jerri B
|
theyre better than banks |
|
keshequa87
 |
DJE rocks with that answer! |
|
Anna M
|
Same as a bank and yes better interest rates as well as personal banking. It sounds classy too :0) |
|
Macgyver with Crosby
|
its just better than banks |
|
Mike S
|
yes you will get better rates, very simple to open . just like regular checking |
|
tapnet1
|
Nowadays, Bank, Credit Union, Trust, Savings are all the same. They might offer different service charges or deposit guarantees, but ultimately they are all the same.
The originally formed because Banks wanted a monopoly like M$ wanted to do with Windows and IE together. Since operating monopolies is against the constitution and violates human rights Credit Unions, Trusts and Savings are all allowed to operate under the Financial Institution regulations essentially busting the monopoly and STRANGLE hold that banks have on the economy.
Now all their services are governed by the competition act which means buyer beware, shop and compare. |
|
mnmnmmnnmnmn
 |
Institution similar to banks which help ppl to get good credit back. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 31 minutes(s) ago
| | | |
12 | 33 minutes(s) ago
| | | |
13 | 3 hour(s) ago
| | | |
5 | 4 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
3 | 2 day(s) ago
| | | |
13 | 5 day(s) ago
| | | |
6 | 1 week(s) ago
| | | |
12 | 3 week(s) ago
| | | |
12 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
